Americans Seem to Have Lost Faith in the Economy, and That Usually Signals Recession
Foreclosures are up. Job growth has flatlined. And the stock market has taken investors on a wild roller roaster ride.
So are we going through a rough patch or has a recession arrived?
Economists are split on the issue, but it appears that everyday Americans are clearly feeling the pinch and have lost confidence in the economy.
A weekly consumer confidence poll by ABC News showed the second-steepest fall in its 22-year record. The only other time the index fell this far, this fast was in... Full Story
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